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March 6, 2021
Question

TT won't let me claim MN k-12 education subtraction. I don't believe there is any income limit and all it requires is a child in K-12 school and educational expenses.

  • March 6, 2021
  • 1 reply
  • 0 views
What is the subtraction and who qualifies?
If you purchased educational material or services for your child’s K–12 education, you may be able to subtract your qualifying expenses, up
to the maximum amounts, from your taxable income when you file your Minnesota income tax return.
Unlike the education credit, there is no income limit to qualify for the K–12 Education Subtraction, and you may qualify regardless of your
filing status. However, the school your child attended must be located in Minnesota, Iowa, North Dakota, South Dakota, or Wisconsin.

1 reply

March 8, 2021

Yes, there is no income limitation.  The subtraction is an adjustment to income for educational expenses paid for K-12 student qualifying children.  A qualifying child for this subtraction is the same definition as for Federal Earned income tax Credit. A qualifying child is:

  1. Younger than the taxpayer and under age 19, or under age 24 and a full-time student, or any age and permanently and totally disabled,
  2. Who lived with the taxpayer for more than half of the year, and
  3. Who did not provide over half of his or her own support,
  4. Who is the taxpayer’s son, daughter, stepchild, foster child, brother, sister, stepbrother, stepsister, half brother, half sister, or a descendent of any of them (for example, a grandchild, niece, or nephew).

 

Generally, any purchase related to K-12 educational expenses or after school programs qualify.  The adjustment is taken on Sch M1M as a subtraction from Minnesota income.  Here is a link with more specific information on this program

TrishMAuthor
March 8, 2021

But TT gives me no option to do that, just says I'm not eligible...

KrisD15
March 8, 2021

There is a credit and a subtraction. The credit has an income limit, the subtraction does not. 

 

Please check that you are applying the subtraction and not the credit. 

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